Tag #Chemical Industry

forbes.com
🌐 75% Global Worthiness
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Celanese Q4 Loss and Weak Financials Raise Concerns Despite Low Valuation

Celanese reported a $1.4 billion Q4 2024 loss due to weakening customer demand in automotive, construction, and industrial sectors; the company's stock price fell 21% following the announcement, and despite a low valuation, its weak financial condition and historical downturn performance make it a r...

Progress

60% Bias Score

Decent Work and Economic Growth
lefigaro.fr
🌐 75% Global Worthiness
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Lubrizol Strike Halts Production Amidst Job Cut Controversy

A strike halting production at Lubrizol's Rouen and Le Havre plants in France protests a restructuring plan eliminating 145 jobs, raising concerns about the company's competitiveness following a 2019 fire.

Progress

52% Bias Score

Decent Work and Economic Growth
welt.de
🌐 75% Global Worthiness
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Evonik Announces Major Restructuring Amidst German Chemical Industry Downturn

Evonik, a German chemical company, announced its largest-ever restructuring plan, impacting around 7000 jobs due to cost-cutting and the reorganization into two segments (Custom Solutions and Advanced Technologies), each with approximately €6 billion in annual revenue, effective April 1, 2025. Despi...

Progress

4% Bias Score

Decent Work and Economic Growth
welt.de
🌐 % Global Worthiness
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Dow Reviews German Plants Amidst Market Slowdown

Dow Chemical reviews four German plants, including the Schkopau site with a complex history, as part of a broader European restructuring.

Progress

0% Bias Score

lemonde.fr
🌐 75% Global Worthiness
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Lubrizol Strike in France: 169 Job Cuts Protested Amidst Plant Profitability

A strike at Lubrizol's Rouen and Le Havre plants, starting February 18th, is protesting a restructuring plan eliminating 169 jobs, including 145 in Rouen, despite the plant's reported profitability and high production output. The union claims the restructuring is linked to the 2019 chemical fire.

Progress

40% Bias Score

Decent Work and Economic Growth
sueddeutsche.de
🌐 75% Global Worthiness
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Evonik Restructures, Cuts Jobs, Appoints Women to Top Management

Evonik, a German specialty chemicals company, is restructuring its operations, reducing its management layers, cutting 2000 jobs globally, and appointing two women to its executive board, resulting in women holding the majority of seats. The company is also reducing its business units from five to t...

Progress

44% Bias Score

Gender Equality
welt.de
🌐 75% Global Worthiness
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Evonik Restructuring: 7,000 Jobs Affected by Major Restructuring

Evonik, a German chemical company, is restructuring, separating its "Technology & Infrastructure" division, potentially selling the infrastructure unit with 3,600 employees, while cutting 2,000 administrative roles and selling other businesses, impacting around 7,000 jobs in total.

Progress

48% Bias Score

Decent Work and Economic Growth